Cobham (LON:COB)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 150 ($1.96) price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 43.88% from the stock’s current price.
Other analysts have also recently issued reports about the stock. UBS Group restated a “buy” rating on shares of Cobham in a research note on Friday, April 26th. Deutsche Bank restated a “hold” rating on shares of Cobham in a research note on Monday, May 13th. Finally, Goldman Sachs Group lifted their price objective on shares of Cobham from GBX 105 ($1.37) to GBX 107 ($1.40) and gave the company a “sell” rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Cobham has an average rating of “Hold” and an average target price of GBX 126.80 ($1.66).
LON COB traded up GBX 0.80 ($0.01) on Wednesday, hitting GBX 104.25 ($1.36). 1,034,803 shares of the company’s stock traded hands, compared to its average volume of 9,760,000. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 33.28. Cobham has a 1-year low of GBX 96.38 ($1.26) and a 1-year high of GBX 134.05 ($1.75). The stock has a market cap of $2.48 billion and a price-to-earnings ratio of 33.63.
In other news, insider Jamie Pike bought 87,420 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of GBX 114 ($1.49) per share, for a total transaction of £99,658.80 ($130,221.87).
Cobham plc provides a range of technologies and services to commercial, defense, aerospace, space, and security markets in the United Kingdom, the United States, other European countries, Australia, Asia, and internationally. The company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services.
Further Reading: Strike Price
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